Panorama in new hands

The appointment is the result of the center being acquired by a private English investor represented by Balmain Asset Management.

"Taking over the management of Panorama is a challenging task due to the center's own identity and characteristics," says Grzegorz Dudziak, asset management director at Donaldsons Polska. "We are ready to work alongside the new owner to continue developing the centre and strengthening its position by relying on its character."

Donaldsons Polska will deal with such areas as property and facility management, marketing services and corporate accounting.

Opened in 1993, Panorama was one of the first shopping centers in Poznań. In 1997 the center was expanded to its present size of 25,000 sqm and soon a further 5,000 sqm will be completed. Hypernova, which is Panorama's anchor tenant, occupies 5,300 sqm. The mall contains more than 150 stores in total.

Donaldsons Polska, which is the Polish branch of the international Donaldsons Europe, specializes in the management of commercial real estate and especially the management of shopping centers. The company has been present in Poland since 2002 and now manages 285,000 sqm of commercial area and 450 leasing contracts. Apart from five shopping centers, Donaldsons also has three distribution centers in its portfolio: PDC Warsaw, PDC Silesia and PDC Wrocław,